Written answers
Wednesday, 30 April 2025
Department of Finance
Fiscal Data
Pearse Doherty (Donegal, Sinn Fein)
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41. To ask the Minister for Finance the average annual rate of interest paid on the national debt; and if he will make a statement on the matter. [21469/25]
Pearse Doherty (Donegal, Sinn Fein)
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42. To ask the Minister for Finance the average annual rate of interest paid on debt issued in the past ten years; and if he will make a statement on the matter. [21470/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 41 and 42 together.
The National Treasury Management Agency (NTMA) has informed me that based on the most recently published General Government debt and interest figures from the CSO, the average interest rate on Ireland’s General Government debt was 1.5% in 2024.
Additionally, the NTMA has advised that the weighted average yield on Ireland’s total benchmark bond issuance from 2015 to end-Q1 2025 was 1.0%. Total benchmark bond issuance over that period was €138bn.
Pearse Doherty (Donegal, Sinn Fein)
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43. To ask the Minister for Finance the total amount of ten-year national solidarity bonds, five-year saving certificates, three-year savings bonds and prize bonds in circulation each year since 2015; the total value of year each year; the annual interest repayment for each category of bond each year, in tabular form; and if he will make a statement on the matter. [21471/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The National Treasury Management Agency (NTMA) has supplied me with the table below which shows the total amount of 10 Year National Solidarity Bonds, 5 Year Savings Certificates, 3 Year Savings Bonds and Prize Bonds in circulation since 2015 and annual interest repayment for each category of bond each year.
Interest repayment includes interest paid to customers because of products maturing or early encashment. For Prize Bonds, the annual interest repayment is the Prize Fund paid to customers and this has been included in the table.
National Solidarity Bonds - 10 Year | National Solidarity Bonds - 10 Year | Saving Certificates - 5 Year | Saving Certificates - 5 Year | Saving Bonds - 3 Year | Saving Bonds - 3 Year | Prize Bonds | Prize Bonds | |
---|---|---|---|---|---|---|---|---|
Closing Balance - Bln € | Interest repayment Mln € | Closing Balance - Bln € | Interest repayment - Mln € | Closing Balance Bln € | Interest repayment Mln € | Closing Balance Bln € | Prize Fund €m | |
2015 | 2.1 | 10 | 5.9 | 212 | 4.4 | 197 | 2.5 | 29 |
2016 | 2.6 | 10 | 5.9 | 194 | 3.8 | 104 | 2.9 | 27 |
2017 | 3.0 | 11 | 6.0 | 147 | 3.3 | 47 | 3.2 | 21 |
2018 | 3.5 | 11 | 5.7 | 285 | 2.9 | 35 | 3.4 | 18 |
2019 | 3.9 | 12 | 6.0 | 70 | 2.5 | 24 | 3.7 | 18 |
2020 | 4.3 | 127 | 6.2 | 75 | 2.4 | 10 | 4.1 | 19 |
2021 | 4.7 | 68 | 6.1 | 83 | 2.4 | 10 | 4.4 | 16 |
2022 | 4.9 | 78 | 5.9 | 49 | 2.4 | 9 | 4.7 | 16 |
2023 | 5.0 | 120 | 5.7 | 78 | 2.5 | 8 | 4.7 | 24 |
2024 | 5.2 | 119 | 5.7 | 56 | 2.6 | 10 | 4.5 | 46 |
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